NDRC announces significant China-Germany automotive cooperation

China has signed statements of intent to cooperate with three German automakers in a bid to further promote cooperation in the two nations' automotive sectors, the country's top economic regulator said on Wednesday.

The National Development and Reform Commission, or NDRC, signed statements of intent on Tuesday with BMW and Mercedes-Benz in Berlin, and, on Monday, with Volkswagen, according to news releases posted on the NDRC's official website on Wednesday.

The NDRC said the moves aim to further boost cooperation in the automotive industry between the two nations, as well as jointly drive research, innovation, and the widespread adoption of new-energy vehicles.

According to the NDRC, the commission also signed a statement of intent to cooperate with Airbus and BASF on Monday, also in Berlin, in a bid to enhance cooperation in fields including sustainable aviation fuel production and utilization, research and development of new chemical material technologies, construction of high-end chemical projects, and production and application of low-carbon products.